A company that has declared a dividend for the years has an obligation to pay it....

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A company that has declared a dividend for the years has an obligation to pay it....

A company that has declared a dividend for the years has an obligation to pay it. True False

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Answer 1

Answer #1

True.
Dividends Once declared becomes a debt and cannot be revoked. When the company declared a dividend he becomes liable to pay dividend within 30 days of declaration, if company fails to pay the dividend it becomes the offense and company has to pay for it.

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Answer 2

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A company that has declared a dividend for the years has an obligation to pay it....

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